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permabear
Participant[quote=briansd1]I hear more people talking about walking as an option.[/quote]
At my office, definitely. One guy was dead-set against it, but now he wants to get married, and she doesn’t want the debt, so they’re planning a he-defaults, she-buys pre-marriage deal.
IMO, as the high-end continues to show softness, that’ll pressure the mid-range to some worthwhile deals. Right now, office chatter and anecdotes still don’t line up with all the inflation-adjusted graphs Rick keeps posting. I don’t hear talk of “getting ready to buy” but instead “still can’t afford it”.
Participant[quote]Are those ppl living there just making way more or is my budget too conservative?[/quote]
Most people are still buying as much house as they can barely afford. Your income is pretty much inline with 92127 though:
http://www.clrsearch.com/92127_Demographics/Household-Income
Your budget is pretty conservative for CA real estate. I’m not criticizing, as I tend to take the same approach, as do many Piggs. But you’re definitely on the conservative end compared to the average Joe.
[quote](i’ve not updated the tax pct to account for mortgage interest deductible, not sure how much it’ll save.)[/quote]
15-20% of the total payment, depending on other deductions, total income, dependents, etc. So figure a $2500 mortgage = $2000 rental. How close this is depends on how much money you dump into the house in paint, blinds, carpet, tile, countertops, etc over the years.
Regarding 4S Ranch specifically, I think there are better values to be had with low or no Mello-Roos/HOA in Scripps Ranch, Poway, Rancho Penasquitos, and Rancho Bernardo.
November 14, 2011 at 12:07 PM in reply to: HUD to Roll Out Emergency Loan Program for Unemployed “Homeowners” by Year-End #732905ParticipantWe already had a country like markmax33 describes, back in the late 1800’s/early 1900’s. Industrialized society with no regulation. Humans were essentially cattle, deaths on the job were a daily affair, children were worked to death, and there was basically zero upward mobility for non-wealthy tycoons. It was as third-world as it gets.
My grandfather passed away recently, which was probably for the best. He was a child of the Great Depression and WWII veteran, who was astounded at the ignorance of the new wave of Ayn Randians like markmax33. He saw the transformation of our country firsthand, and could not comprehend how people would want to throw away decades of progress.
Participantduplicate
ParticipantThis thread is depressing.
Divide and conquer.
Pay no attention to the top sliver avoiding their fair share of taxes, thus shifting the burden to everyone else. http://www.cbpp.org/cms/?fa=view&id=3220
Nope, it’s those union assholes that are after your paycheck.
After the unions are gone… it’s those overpaid [insert decently-paid profession here] assholes that are after your money. Better offshore them to keep Wal-mart prices low.
BTW, if you’re going to quote FDR, you should read the whole thing in context:
“Organizations of Government employees have a logical place in Government affairs.
The desire of Government employees for fair and adequate pay, reasonable hours of work, safe and suitable working conditions, development of opportunities for advancement, facilities for fair and impartial consideration and review of grievances, and other objectives of a proper employee relations policy, is basically no different from that of employees in private industry.”
http://www.dailykos.com/story/2011/02/21/948033/-Wisconsin:-GOP-Lying-About-FDR-Again
Participanthttp://www.techdirt.com/articles/20100124/1836527884.shtml
“A fascinating article points out that the government could make the process of filing your tax returns significantly easier by simply sending you pre-filled out forms of what they know (basically what’s been sent in from your employer(s)) so that you could just take the pre-filled form, check it over, make any additions or changes as necessary and submit it. Apparently, many places that have done this have had great success with it. But it’s not happening in the US in large part due to heavy lobbying from Intuit, who fears (perhaps correctly) that this would put a big dent into its tax preparation software business.”
ParticipantI know several different people that live in San Elijo. As a general comment, they are positive on the area and neighborhood feel.
BUT – they have also said the foreclosure situation has had a drastic impact up there. Lots of foreclosures, vacant houses, people walking away, etc.
You may want to look around for an REO if you haven’t already. Buying situation aside, though, people like the area.
Good luck in your purchase.
ParticipantScripps is a fantastic area (I live here) but the rental/landlord prices don’t pencil in at current levels, pretty much across the board.
There are some properties in Rancho Penasquitos that do.
If you check Craigslist/etc, rentals are pretty much stuck in the $1900-2500/mo range across the board, regardless of whether your place is a 1300 sq ft condo or a 2500 sq ft house. Seriously, it’s weird.
ParticipantScripps is a fantastic area (I live here) but the rental/landlord prices don’t pencil in at current levels, pretty much across the board.
There are some properties in Rancho Penasquitos that do.
If you check Craigslist/etc, rentals are pretty much stuck in the $1900-2500/mo range across the board, regardless of whether your place is a 1300 sq ft condo or a 2500 sq ft house. Seriously, it’s weird.
ParticipantScripps is a fantastic area (I live here) but the rental/landlord prices don’t pencil in at current levels, pretty much across the board.
There are some properties in Rancho Penasquitos that do.
If you check Craigslist/etc, rentals are pretty much stuck in the $1900-2500/mo range across the board, regardless of whether your place is a 1300 sq ft condo or a 2500 sq ft house. Seriously, it’s weird.
ParticipantScripps is a fantastic area (I live here) but the rental/landlord prices don’t pencil in at current levels, pretty much across the board.
There are some properties in Rancho Penasquitos that do.
If you check Craigslist/etc, rentals are pretty much stuck in the $1900-2500/mo range across the board, regardless of whether your place is a 1300 sq ft condo or a 2500 sq ft house. Seriously, it’s weird.
ParticipantScripps is a fantastic area (I live here) but the rental/landlord prices don’t pencil in at current levels, pretty much across the board.
There are some properties in Rancho Penasquitos that do.
If you check Craigslist/etc, rentals are pretty much stuck in the $1900-2500/mo range across the board, regardless of whether your place is a 1300 sq ft condo or a 2500 sq ft house. Seriously, it’s weird.
Participant[quote=paramount]There are two (2) types of workers in California:
1. Gov’t Workers = Tax Takers
2. Private Sector Workers = Tax Payers
Source: John and Ken[/quote]What about the fact that public workers pay taxes?
Participant[quote=paramount]There are two (2) types of workers in California:
1. Gov’t Workers = Tax Takers
2. Private Sector Workers = Tax Payers
Source: John and Ken[/quote]What about the fact that public workers pay taxes?
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